Previous session the VIX smashed through the 2 yr low low of 17.90 ( set on 2 Jul 2021) .
Given that it spends more days declining than ascending, have to assume the US market is not jittery and happy to stay long.
Will it hit 14 ( the lower trendline of that blue channel) before we see any real fireworks?
The market seems to to give zero ****s about any bad news.
Htf does the XAO pull almost 1% gain on the eve of a highly probable rate hike?
Not sure if the tax sell off is underway this year, but lots of small caps do seem to be beaten down. Reversals in better stocks like SYR, 29M, EM2 should be good when they come.
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